Whalesbook
SEPC Limited has issued a final call for payment of ₹5 per share on over 49.2 million partly paid-up equity shares. Shareholders have until April 29, 2026, to remit the outstanding amount, or risk the forfeiture of their shares and any previous payments made. This notice serves as a final reminder following earlier communications about the call money.
For shareholders, this deadline is critical. Failing to pay means losing their entire investment in these partly paid shares, while timely payment is a step toward converting them into fully paid shares. SEPC Limited operates in the engineering, procurement, and construction (EPC) sector, focusing on infrastructure projects. The company has faced financial challenges previously, including corporate debt restructuring. The shares involved, identified by ISIN 'IN9964H01012', have had their trading suspended since September 30, 2025.
Shareholders must remit the ₹5 per share by the April 29, 2026 deadline. Non-payment leads to forfeiture. Successful payment allows for potential conversion into fully paid-up equity shares, subject to board approval. The company will assess payments to decide on conversion, possibly in stages. The main risk for shareholders is the loss of their shares and any money already paid if the final call is missed. This action is part of SEPC's effort to monetize its partly paid capital.
This type of share call is uncommon among major EPC players like L&T, which generally maintain stronger financial standing and avoid such forfeiture issues.
Key details include:
- 49,291,505 affected partly paid shares.
- A call amount of ₹ 5 per share.
- A payment deadline of April 29, 2026.
Investors will be watching the percentage of shareholders who meet the deadline, SEPC's announcements on share conversion following the payment date, and any updates on the company's financial health and operations.